➡️ According to Datamish, over the past two hours, some large investors or organizations have borrowed about 1500 bitcoins to open short positions on Bitfinex. As of the current moment, the exchange has issued 3063 BTC on credit, and the vast majority of shorts are unextended.
The creation of a large number of short positions signals the upcoming dump of the bitcoin rate. Now the target of the downtrend is at the level of the nearest support barrier of 35000$. However, the price of the coin may fall even lower. The bitcoin market has been under bear control since mid-November 2021.
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